IRS Offers Newly Extended Employee Retention Credit
Newly Extended Employee Retention Credit
The IRS urges employers to take advantage of the newly-extended employee retention credit, designed to make it easier for businesses that choose to keep their employees on the payroll throughout the pandemic.
Eligible employers can now claim a refundable tax credit against the employer share of Social Security tax equal to 70% of the qualified wages they pay to employees after December 31, 2020, through June 30, 2021.
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